We are extra precise about accounting matters.
As rental property managers it is our duty to reconcile every penny of rent and each expense. Our staff work diligently to ensure that every landlord has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: Rent Manager.
We strive to process and deposit rents on the same day they are received. Funds are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rent received as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available online. The statement will show what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Lamma Property Management Resources
Basics
Basic information regarding rental managment in Lamma.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable tenant in Lamma fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management in Lamma
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
Clients
Who uses Nesbitt Realty management services?
Your investment in real estate is a business like any other. As a landlord, you have expenses, income and with perseverance, you also have the expectation of financial reward.
In the business of real estate investment, nearly all cashflow comes from tenants. And that's the catch: If you have tenants, you will have problems. Even the best of tenants have needs and all properties will require maintenance or management at some point. A property management company takes all the hassle out of rental management.
Do you need know more about this area?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who needs to investigate real estate facts about Lamma and surrounding communities. The Guide to Real Estate has information about what has sold and what is currently listed, as well as some surprising facts that you may not be aware of. In addition, our Guide has some elements of life in Lamma. Of course, most of this is interesting for purchasers and sellers, but rental investors and renters might also find this data to be somewhat edifying.